Resolution 84/NQ-CP 2021 the investment policy for Program on sustainable forestry development 2021-2025

RESOLUTION 

Approving the investment policy for the Program on sustainable forestry development for the 2021-2025 period^[1]

THE GOVERNMENT

Pursuant to the June 19, 2015 Law on Organization of the Government, and the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration;

Pursuant to the June 13, 2019 on Public Investment;

Pursuant to the June 25, 2015 Law on the State Budget;

Pursuant to the November 16, 2017 Law on Forestry;

Pursuant to the XIV^th National Assembly’s Resolution No. 124/2020/QH14 of November 11, 2020, on the 2021 socio-economic development plan;

Pursuant to the Government’s Decree No. 40/2020/ND-CP of April 8, 2020, detailing a number of articles of the Law on Public Investment;

At the proposal of the Minister of Planning and Investment and the Minister of Agriculture and Rural Development,

 RESOLVES:

Article 1. To approve the investment policy for the Program on sustainable forestry development for the 2021-2025 period (below referred to as the Program) with the following principal contents:

I. OBJECTIVES

1. General objectives

To develop forestry to actually become a techno-economic sector toward modernity, efficacy, effectiveness and high competitiveness with chains for linking forest development, protection and use to forest product processing and trade; to manage, protect, and sustainably develop and use forests and land areas planned for forestry development; to promote the potential, role and effects of forests so as to contribute to creating jobs and incomes for people in combination with eco-environmental protection, biodiversity conservation, mitigation of negative impacts of natural disasters, and increase of adaptability to climate change; to contribute to national defense and security maintenance.

2. Specific objectives

a/ To protect and sustainably develop the whole areas of existing forests and forests planted during 2021-2025; to closely manage the repurposing of forests, stably maintain the national forest coverage at around 42%; to continue improving forest productivity and quality to meet the demand for materials for production and consumption and requirements for environmental protection, biodiversity conservation, mitigation of negative impacts of natural disasters, and increase of adaptability to climate change;

b/ The forestry production value will grow at the rate of 5-5.5%/year. The export value of timber and non-timber products will reach around USD 20 billion by 2025, in which non-timber products will contribute over USD 1.5 billion, and the proportion of deeply processed and exported timber and non-timber products of high added value will increase;